We made our last mortgage payment.
When the house was built in 1986, we took out a 30-year mortage to finance it.
- 15 July 1986 -- 30-year mortgage for $200,000 at 8.5% interest
- 15 April 1994 -- 30-year mortgage for $159,200 at 5.99% interest
- 11 December 2000 -- 15-year mortgage for $140,000 at 7.25% interest
- 14 October 2002 -- 15-year mortgage for $125,800 at 5.75% interest
We were aggressive in paying extra principal when possible. Even so, it took 24 years and $227,651 in interest to pay off the original $200,000 mortgage.
